Free Trial

Yen Marginally Firmer In Early Trade

FOREX

The Yen is a touch firmer in early trade on Tuesday as the BOJ's monetary policy decision comes into view. Elsewhere in G-10 there has been a muted start with narrow ranges persisting. Cross asset flows are muted thus far.

  • USD/JPY is ~0.2% lower this morning, trimming some of yesterday's gains. The pair last prints at ¥142.55/60, technically a bearish trend persists. Support comes in at ¥140.97, low from Dec 14. Resistance is at ¥143.16, high from Dec 18.
  • Kiwi is a touch firmer and is consolidating above the $0.62 handle. ANZ Business Confidence ticked higher in December to 33.2 from 30.8, the Activity Outlook rose to 29.3 from 26.3.
  • AUD/USD is flat and is dealing in a narrow range above the $0.67 handle. At the bottom of the hour the minutes of the December RBA meeting cross.
  • The aforementioned BOJ decision headlines today's docket.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.